News Overview

The big news for the week was the frenetic spike in the dollar index (DXY).

FPIs were net buyers of $1.64 Billion this week, despite it being a truncated trading week.

The Friday effect led the weekly gains being wiped out, leading to a flat closing for Nifty and Sensex.

Inflation for March 2024 was led lower by core and fuel inflation, even as food prices stayed elevated.

IIP growth in February 2024 saw a spike across mining, manufacturing, and electricity baskets.

For the entire fiscal year of FY24, revenue witnessed a 6.8% year-on-year increase to ₹240,893 Crore, with a net profit of ₹46,585 Crore. The operating margin for the year stood at 24.6%.

According to Godfrey Phillips' FY23 annual report, 24Seven's gross sales increased by 19% year over year to ₹482 crore in FY23.

The Tata Steel representative stated, "We will be able to sustain the business as we transition to new electric arc furnace technology by restructuring our UK operations."

The order relates to an EPC contract for onshore or offshore crude oil pipelines in the Gulf of Khambhat and other Gujarati areas.

Puravankara offers a range of housing and plotted development options under three distinct brands: Purva, Provident Housing, and Purva Land.